KYC

HawkAI-partners-42flows.tech-AML-fraud-surveillance

Hawk:AI teams up with 42flows.tech for AI-powered AML

Hawk:AI, which offers anti-money laundering (AML) surveillance technology, has partnered with Estonian IT company 42flows.tech, to bring AML and fraud surveillance to more global customers.

Cybersecurity, InsurTech and neobank ventures led the 29 FinTech rounds raised last week

Out of the 29 FinTech funding rounds we reported on last week, cybersecurity companies, InsurTechs and challenger banks were among the clear winners.

Why is RegTech investment around the world growing?

Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.

Jumio to provide KYC to ICOs through Byteball partnership

Jumio, a digital identity verification provider, has teamed up with smart cryptocurrency payments platform Byteball.

IDEX partners with Blockpass to promote compliance in blockchain

Blockchain-based identification platform Blockpass has partnered with Ethereum cryptocurrency exchange IDEX to promote compliance in the blockchain ecosystem. Through the partnership both parties will work with blockchain-based businesses to implement KYC...

Bank Negara Malaysia has suggested new electronic KYC guidelines

Having issued a policy document earlier in 2019, Bank Negara Malaysia has now released a draft for how the rules around electronic know your customer (KYC) could look like in the future in the country.

Socure valued at $4.5bn, levels up in its identity verification mission

Socure, provider of digital identity verification and fraud solutions, has been valued at $4.5bn following an oversubscribed $450m funding round.
KYC

Why KYC has an integral role in modern corporate strategy

In a recent whitepaper by RegTech firm Encompass Corporation, the company outlined what could be a smarter approach for KYC for businesses.  Amidst mounting regulatory...

FCA slams Commerzbank London with £37.8m fine over anti-money laundering failures

The UK's top financial market watchdog has punished the London branch of Commerzbank with a £37,805,400 fine for failing to set up strong anti-money laundering (AML) measures.

Starling Bank CEO responds to Bounce Back Loan criticism from rejected would-be loan takers

Several small business owners have criticised Starling Bank for its handling of the governmental coronavirus relief loans scheme and now the challenger bank founder has responded to the criticism.

News Stories

FinTech

FinTech investment sees uptick following two sluggish weeks

There was a climb in investment in the FinTech sector this week, with FinTech Global reporting on a total of $399m being raised across...
compliance

Will 2024 be the year of compliance technology?

As technologically-driven solutions continue to firmly pierce the financial industry and how it runs, the need for firms to maintain compliance amongst a deluge...
ZeroEyes joins Lloyd's Lab for pioneering InsurTech against gun violence

ZeroEyes joins Lloyd’s Lab for pioneering InsurTech against gun violence

In an unprecedented move, ZeroEyes, known for its pioneering AI gun detection technology, has been welcomed into the coveted Lloyd's Lab Accelerator program, marking a significant stride in InsurTech innovation.
Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb revolutionises flood insurance: Faster quotes with new digital platform

Chubb Personal Risk Services (PRS), known for its commitment to providing exceptional insurance services, has announced the launch of an innovative self-service Flood Insurance System.
Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint venture

Bishop Street and Topsail Re join forces to revolutionise MGA platform with strategic joint...

Bishop Street Underwriters, a notable entity within the RedBird Capital Partners' portfolio, has formally announced a groundbreaking joint venture with Topsail Reinsurance SPC, Ltd....

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